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20110701
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Search Results 0 to 5 of about 6 (some duplicates have been removed)
. when you don't pay for two wars in iraq and afghanistan and you borrow all the money from china, you're going to have to pay for that at some point. >> mentioning social security. in the president's deficit commission report, they say, among other things, without action, the benefits currently pledged under social security are a promise we cannot keep. do you think changes need to be made to social security for future generations or not? >> absolutely. you said the operative word. future generations. we're not talking about balancing the budgets today for future generations. we're doing it because if we don't do it today, the person who has to pay that mortgage tomorrow will find interest rates will have shot up. we're trying to take care of past debts. remember, the debt ceiling vote is about past debts. it's not about future negotiations. social security will be good for the next quarter century. we should do something to make sure after that quarter century, we're not paying $0.78 on the dollar in deficit. >> last year, for the first time since the 80's, social security paid in
for two wars in iraq and afghanistan and you borrow all the money from china, you are going to have to pay for it at some point. >> bret: you mention social security in the president's deficit commission report, they say among other things without action the benefits currently pledged under social security are promise we cannot keep. do you think changes need to be made to social security for future generations or not? >> absolutely. you said the operative words. "future generations." we're not talking about balancing the budgets today for future generations. we're doing it because if we don't do it today, the person who pay the mortgage tomorrow see it shot up. this is not about the future obligation. social security will be good for the next quarter century. we should do something after the quarter century, we are not paying 78 cents on the dollar but we're paying 100% on the dollar. >> bret: last year for the first time since the '80s, social security paid out more benefit than it took in payroll taxes. correct? >> true. >> bret: essentially, correct me if i'm wrong, the social security
Search Results 0 to 5 of about 6 (some duplicates have been removed)